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NATNordic American Tankers Limited
$6.67$1.4B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
NAT logo

Nordic American Tankers Limited

NAT
NYSE · Marine Shipping
$6.67
At close - Nov 6, 4:00 PM EST - USD
Market Cap$1.41B
P/E11.4x
52W High$8.88
Volume3.87M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Spot Rate Leverage Drives Rebound, But Payouts Appear Unsustainable

Nordic American Tankers is experiencing a sharp cyclical rebound, with Q2 2026 revenue growth of 56.9% and a gross margin of 48.5% demonstrating the company's high operating leverage in a favorable tanker market.

GrowthAccelerating
ProfitabilityStrong
ValuationReview
TechnicalsMixed
Explore valuation models
MARKET ACTION

NAT price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

3/12 Beats

EPS beat 3 of last 12 quarters

02

Valuation risk

+50% Peers

P/E is 50% above peer median

03

Market leadership

RS 75 · Avg

Average momentum (RS Rating: 75)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystConfirmed earnings · Nov 27

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
NAT+117.51%
S&P 500 (^GSPC)+7.63%
1-Year Return
NAT+107.80%
S&P 500 (^GSPC)+9.69%
3-Year Return
NAT+74.52%
S&P 500 (^GSPC)+71.73%
5-Year Return
NAT+279.91%
S&P 500 (^GSPC)+59.86%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
11.4x
Forward P/EExpansion
7.4x
EV/EBITDA75th %ile
11.0x
FCF YieldCash Flow
8.3%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
11.4x
40.9x
50th· Fair
EV/EBITDA
11.0x
10.0x
75th· Fair
Price/FCF
12.1x
13.3x
50th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$2.17-67.5%
Base (Fair)$4.87-27.0%
Bull$7.51+12.6%
$2.17 Bear$4.87 Base$7.51 Bull
Current Market Price: $6.67
Trades at a 37.0% premium to Base DCF ($4.87)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$292M-16.4% YoY
Net income FY25
$12M-73.7% YoY
Free cash flow FY25
-$117M-192.9% YoY
Operating margin FY25
9.9%-12.2 pts YoY
ROIC (FY25)2.8%
Avg ROIC 5Y3.6%
ROE (TTM)26.8%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate3/12 (25%)
Revenue Beat Rate9/12 (75%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 27, 2026
$0.32+5.5%
vs $0.30
$87M+2.9%
vs $84M
Q2 2026
May 28, 2026
$0.17+6.3%
vs $0.16
$78M-5.3%
vs $82M
Q1 2026
Feb 26, 2026
$0.06-58.1%
vs $0.14
$59M-22.1%
vs $75M
Q4 2025
Nov 28, 2025
-$0.01-110.0%
vs $0.10
$75M+6.6%
vs $70M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Defense World·Oct 21, 2026
Financial Contrast: Repsol (OTCMKTS:REPYY) & Nordic American Tankers (NYSE:NAT)

Repsol (OTCMKTS:REPYY - Get Free Report) and Nordic American Tankers (NYSE: NAT - Get Free Report) are both energy companies, but which is the better business? We will contrast the two companies based on the strength of their risk, analyst recommendations, earnings, institutional ownership, valuation, dividends and profitability. Profitability This table compares Repsol and Nordic American

Seeking Alpha·Oct 15, 2026
3 Top Small-Cap Stocks With Market-Beating Momentum

Small-cap stocks have surrendered their lead over large caps in 2026 amid rising Treasury yields, but historical data shows small caps can rebound strongly when yields decline. Bank of America strategists see potential for a small-cap rebound if the 10-year Treasury yield peaks around their year-end forecast of 5%. I highlight three fundamentally strong small-cap stocks that have outperformed the market since the Russell 2000's recent high, defying the index's broader weakness.

Defense World·Oct 12, 2026
Nordic American Tankers (NYSE:NAT) Reaches New 1-Year High – Still a Buy?

Nordic American Tankers Limited (NYSE: NAT - Get Free Report) hit a new 52-week high during mid-day trading on Monday. The stock traded as high as $8.79 and last traded at $8.7750, with a volume of 592,012 shares traded. The stock had previously closed at $8.47. Analyst Ratings Changes NAT has been the topic of a

Seeking Alpha·Oct 12, 2026
Nordic American Tankers: Grab That 13% Yield While The Tanker Boom Lasts

Nordic American Tankers is rated Buy, driven by surging tanker rates, strong recent fixtures, and an attractive—though variable—dividend yield near 13%. Recent fixtures averaged $96,800/day, far above Q2's $63,000/day, but sustainability is uncertain as freight rates are volatile and subject to market cycles. NAT's dividend is generous but not fixed; payout sustainability depends on continued strong cash flow and freight rates, with high payout ratios and vessel sales supporting recent payments.

Filtered for Nordic American Tankers LimitedMore Headlines
04

Compare before deciding

Benchmark NAT against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Nordic American Tankers Limited (NAT)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
NAT logoNATNordic American Tankers LimitedCurrent
$6.67$1.41B11.43-16.39%33.2%26.85%6%
TNK logoTNKTeekay Tankers Ltd.
$85.71$2.97B5.05-22.58%51.35%27.73%2.31%
INSW logoINSWInternational Seaways, Inc.
$98.02$4.85B4.65-11.38%67.99%47.61%0.49%
DHT logoDHTDHT Holdings, Inc.
$20.68$3.33B7.04-13.04%65.54%39.55%3.58%
STNG logoSTNGScorpio Tankers Inc.
$80.76$4.02B4.12-24.58%77.07%27.11%2.09%
TK logoTKTeekay Corporation
$12.65$1.1B4.64-22.19%16.19%10.46%7.83%

Compare NAT vs Peers

Nordic American Tankers Limited (NAT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TNK

Most directly comparable listed peer for NAT.

Scale Benchmark

vs XOM

Larger-name benchmark to compare NAT against a more recognizable public peer.

Peer Set

Compare Top 5

vs TNK, INSW, DHT, STNG

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NAT Frequently Asked Questions

Nordic American Tankers Limited (NAT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Nordic American Tankers Limited's revenue?

Nordic American Tankers Limited (NAT) reported $372.1M in revenue over the trailing twelve months. Revenue was $292.4M in fiscal year 2025. That is 5453% more than the $5.3M of fiscal year 1997.

How fast is Nordic American Tankers Limited growing?

Nordic American Tankers Limited (NAT) grew revenue by 29.1% over the trailing twelve months, compared with the twelve months before.

Is NAT profitable?

Yes. Nordic American Tankers Limited (NAT) earned $123.5M in net income over the trailing twelve months (a 33.2% net margin).

Dividend & Returns
Does NAT pay dividends?

Yes. Nordic American Tankers Limited (NAT) pays a dividend that yields 6.00% at the current price, a high yield.

What is NAT's return on equity?

Nordic American Tankers Limited (NAT) had a return on equity (ROE) of 26.8% over the trailing twelve months. That is well above the market's typical 10-15%.

What is Nordic American Tankers Limited's free cash flow?

Nordic American Tankers Limited (NAT) generated $117.1M in free cash flow over the trailing twelve months.

What if you invested $1,000 in NAT back in 1997?

Total return calculator · dividends reinvested · 29+ years of data

See returns →